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Adjustable

Adjustable rate loans have interest rates that remain fixed for a set period of time and the lower interest rate affords you lower payments.

Adjustable Rate Loans up to $2 million

Annual Percentage Rate (APR) Based on Loan Amount of $453,100

5/1 ARM

We're Giving You the Right ARM (Adjustable Rate Mortgage) for Your Home! Who doesn’t want a low monthly mortgage payment? Our 5/1 ARM loan may be the perfect solution for you! With an ARM, you’ll have one of the lowest fixed payments for the first 5 years. Thereafter, your rate and payment will adjust based on the LIBOR (London Interbank Offered Rate) market index rate.

So if the market rates go down, so does your rate! The 5/1-ARM would be perfect if the following applies within the next 5 years:

Plan to sell your home and move up to your dream home with lower payments

Refinance your current mortgage to reduce payments

First-time buyer – enjoy your first home without a huge mortgage payment shock

Upcoming Major expenses such as wedding, vacation, retirement, investment and college tuition

Call us at (866) 459-2345, Option 3 to apply!

*Adjustable-Rate Mortgage:The initial payment on a 30-year, $200,000 5-year Adjustable-Rate. The APR is 3.125%/3.546% APY. During the first 5-years, the principal and interest payment is $856.76. Rate for ARM is variable and may adjust after 5 years based on the LIBOR Market index Rate and the margin of 2.75%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years. Actual rate and terms will vary based on the borrower(s) credit qualifications. Rates and offer are subject to change without notice.

Home Equity Line of Credit

Want to remodel your home? Maybe add a room? Upgrade your furniture and appliances? Payoff high-rate credit cards? Whatever your purpose may be, our NO COST HELOC can help you save money! And when we say no-cost, it means that you won’t have to pay for appraisal, title, recording, credit report, and all those other fees! You may even have tax advantages when you use your home as a source to pay for special projects.

Draw period for 10 years

No annual fee

Maximum loan to value @ 80%

Maximum line of credit @ $ 100,000

20 year amortization after the draw period

Floor rate as low as 4.00% APR (Maximum Ceiling Rate @ 15% APR)

*APR: Annual Percentage Rate. No-cost promotion on home equity loan is subject to change without notice. Early termination fee of $500 will apply if the line of credit is voluntarily closed within 36 months from the time of funding. After the 12-month introductory period, rate will be adjusted annually based on the published Wall Street Journal Prime Index Rate, plus the margin ranging from 1.25% - 2.75%. As of 4/14/13, Prime Rate is 3.50% + margin as low as 1.25% = 4.50% APR. Payment example: $126.57 with $20,000 borrowed – interest and principal payment for 240 months. Schools Federal Credit Union does business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Additional restrictions may apply. Consult your tax advisor. Actual rate and terms will vary based on the borrower(s) credit qualifications. Rates and offer are subject to change without notice.

Fixed Mortgages

For more information on on fixed mortgage options, visit our financial partner, West Coast Realty Services. Be sure to mention that you are a Schools Federal Credit Union member to ensure exclusive savings!

Terms and conditions

1Auto loan rates include the following discounts: .25% with direct deposit, .25% with auto pay from a SFCU checking account, .25% if financing ≤ 80% of LTV. Rates listed are the lowest possible rates offered. Actual rate awarded will be based on the borrower's credit qualifications and loan characteristics. Rates are subject to change without notice. All loan rates are subject to change without notice.